Major British city declares bankruptcy as inflation and growing social … – Yahoo Finance
People and companies go bankrupt every so oftenbut in the U.K., cities are going bankrupt, too. Nottingham, home to 323,700 residents, well-known universities and fictional character Robin Hood, effectively declared itself bankrupt on Wednesday as its council is set to to overspend by 23 million ($29 million) in the 2023-24 financial year. This means a…